Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Eric Trump claims profits from foreign countries were donated to U.S. Treasury [View all]sheshe2
(98,540 posts)32. The article also states:
The size of the payment was not disclosed. The transactions the payment was based on and the foreign governments involved were also not disclosed.
snip
The payment "is woefully inadequate," said Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington, a plaintiff in one of the lawsuits.
The payments are calculated on profits from foreign governments at Trump hotels and similar properties, as explained in a pamphlet from the Trump Organization. The calculation does not include other profits for example, on rent paid by the government of China for space at Trump Tower or non-monetary benefits for Trump properties in other countries, or payments or benefits from state governments.
Bookbinder said that even if those problems were solved, the president might be influenced simply by knowing that foreign officials stayed at his properties.
snip
The payment "is woefully inadequate," said Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington, a plaintiff in one of the lawsuits.
The payments are calculated on profits from foreign governments at Trump hotels and similar properties, as explained in a pamphlet from the Trump Organization. The calculation does not include other profits for example, on rent paid by the government of China for space at Trump Tower or non-monetary benefits for Trump properties in other countries, or payments or benefits from state governments.
Bookbinder said that even if those problems were solved, the president might be influenced simply by knowing that foreign officials stayed at his properties.
Edit history
Please sign in to view edit histories.
70 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Eric Trump claims profits from foreign countries were donated to U.S. Treasury [View all]
underpants
Jan 2024
OP
Of course, payments for hotel rooms, etc... this isn't news. What do you mean by oops?
WarGamer
Jan 2024
#68
Still didn't notify Congress as REQUIRED by the Constitution of the United States.
Justice matters.
Jan 2024
#59
"Last thing, Mr. Trump, what name do you want to call this new account you're setting up?"
tanyev
Jan 2024
#25
Profit? Most of us "donate" part of our income to the US treasury, it's called taxes
Walleye
Jan 2024
#26
IF that were true, OrangeHead would have blitzed Fox News for months about it
bucolic_frolic
Jan 2024
#51
The "donation" of "profits" to the Treasury is discussed at length in the staff report
onenote
Jan 2024
#55